Edgestream Partners L.P. Makes New Investment in Ralph Lauren Co. (NYSE:RL)

Edgestream Partners L.P. acquired a new position in shares of Ralph Lauren Co. (NYSE:RL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,809 shares of the textile maker’s stock, valued at approximately $1,342,000.

Several other large investors also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC purchased a new position in shares of Ralph Lauren during the third quarter valued at approximately $94,831,000. Pacer Advisors Inc. boosted its position in shares of Ralph Lauren by 13.7% during the third quarter. Pacer Advisors Inc. now owns 1,139,975 shares of the textile maker’s stock valued at $221,007,000 after buying an additional 137,631 shares during the period. World Investment Advisors LLC purchased a new position in shares of Ralph Lauren during the third quarter valued at approximately $19,320,000. Atreides Management LP boosted its position in shares of Ralph Lauren by 28.3% during the third quarter. Atreides Management LP now owns 377,481 shares of the textile maker’s stock valued at $73,182,000 after buying an additional 83,349 shares during the period. Finally, Holocene Advisors LP boosted its position in shares of Ralph Lauren by 10.2% during the third quarter. Holocene Advisors LP now owns 839,296 shares of the textile maker’s stock valued at $162,714,000 after buying an additional 78,008 shares during the period. 67.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RL. Needham & Company LLC began coverage on Ralph Lauren in a report on Wednesday, February 12th. They issued a “buy” rating and a $310.00 price target for the company. Guggenheim boosted their price target on Ralph Lauren from $285.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price target on Ralph Lauren from $220.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Jefferies Financial Group boosted their price target on Ralph Lauren from $285.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, StockNews.com upgraded Ralph Lauren from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ralph Lauren presently has a consensus rating of “Moderate Buy” and an average target price of $284.15.

Ralph Lauren Stock Down 6.4 %

Ralph Lauren stock opened at $217.68 on Tuesday. The business has a fifty day moving average of $255.08 and a two-hundred day moving average of $221.09. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The firm has a market cap of $13.44 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.73 and a beta of 1.50. Ralph Lauren Co. has a twelve month low of $155.96 and a twelve month high of $289.33.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.36. Ralph Lauren had a return on equity of 30.88% and a net margin of 10.14%. On average, analysts forecast that Ralph Lauren Co. will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 27th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, December 27th. Ralph Lauren’s payout ratio is presently 30.11%.

About Ralph Lauren

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.